Rouse Properties

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Rouse Properties
Type Public company
Traded as NYSE: RSE
Industry Property Investment Trust
Founded 2011
Headquarters New York City, New York, U.S.
Products Investment trust
Website www.rouseproperties.com

Rouse Properties is a publicly traded real estate investment trust headquartered in New York City. Plans to create a spin-off entity of General Growth Properties, Inc. ("GGP") were announced in August 2011, after GGP filed a Form 10 registration statement with the Securities and Exchange Commission.[1][2] Rouse Properties formally debuted on the New York Stock Exchange on January 13, 2012, following the completion of the spin-off from General Growth Properties.

Focused on management, redevelopment, repositioning, and acquisition of Class B regional malls, Rouse Properties owns 31 malls in 19 states encompassing approximately 22 million square feet of retail space.[3] In February 2012, leading investment website Seeking Alpha published an article suggesting that Rouse Properties may be undervalued, but that part of this undervaluation comes from the leverage.[4]

Rouse Properties by state

Arizona

Arkansas

California

Florida

Idaho

  • Silver Lake Mall, Coeur D'Alene

Illinois

Louisiana

Maryland

  • Centre at Salisbury, Salisbury

Michigan

Minnesota

New Hampshire

New Mexico

  • Animas Valley Mall, Farmington
  • North Plains Mall, Clovis

North Carolina

Ohio

  • Colony Square Mall, Zanesville

Oklahoma

Oregon

Texas

Utah

  • Cache Valley Mall, Logan

Virginia

Washington

  • Three Rivers Mall, Kelso

Wyoming

References

  1. "Rouse Properties Spins Off as REIT". exchanges.nyx.com. 2012-01-12. Retrieved 2012-02-08. 
  2. "Rouse Properties, Inc. Debuts as Publicly Traded Regional Mall REIT". bradenton.com. 2012-01-12. Retrieved 2012-02-08. 
  3. "Rouse Properties, Inc. Sets Record Date for Rights Offering". Market Watch. 2012-02-03. Retrieved 2012-02-11. 
  4. "Another GGP Spin-Off: Rouse Properties Seems Undervalued". Seeking Alpha. 2012-02-02. Retrieved 2012-02-11. 

External links

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